thanks for posting Moka, I took the opportunity to top up today, not a big holding as it does feel like a bit of a gamble to me, but I am happy to have a few and to see what transpires ;)
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Nice wee blip up :)
Some real promise here with a trading halt and a pending announcement of a material customer contract.
Should add a cent or two to the share price.
Partnership...... Collaboration.....Fabrication....Presentation..... Completion..... Evaluation.......Solution...... Sounds like an early hit single by the Moody Blues.
Happy Christmas for BRN investors with two announcements today – all very exciting with the NASA one great news, and the Renesas is the material customer contract.
NASA places order under Akida Early Access Program
__________________________________________________ ___________________________
• NASA places order for BrainChip Akida Early Access Evaluation Kit for use at
NASA/Ames Research Center (ARC)
• The kit will enable NASA to evaluate the Akida technology for use in programs
needing a neuromorphic processor that meets spaceflight requirements
BrainChip Signs First Akida™ Intellectual Property License Agreement
__________________________________________________ ___________________________
• BrainChip to deliver Akida 1.0 neural network intellectual property (IP) for use in
customer’s system-on-chip (SoC) licensed products
• Agreement includes a single-use design license, implementation support, per unit
royalty and ongoing software maintenance services
BRN today announced the signing of an intellectual property license agreement with Renesas Electronics America Inc., a subsidiary of Japan-based Renesas Electronics Corp., a tier-one semiconductor manufacturer that specializes in microcontroller and automotive SoC products.
The unconditional agreement provides for:
• a single-use, royalty-bearing, worldwide IP design license for the rights to use the Akida™
IP in the customer’s SoC products, which continues while the customer continues to use
the Akida IP in its products. The parties agreed to customary termination terms;
https://www2.asx.com.au/markets/trad.../announcements
The podcast on 8 December is worth listening to as the CEO gives lots of background information and an overview of the company to bring the 20,000 new investors who have come aboard in the last six months, up to speed.
https://brainchipinc.com/podcast-episode-1/
Episode 1 — Revolutionizing AI at the Edge
In this launch episode of the BrainChip (ASX:BRN) podcast from San Francisco, CEO Lou DiNardo talks about on-chip learning and ultra-low power edge AI. He discusses the progress of the development of the Akida neural networking processor and the efforts to commercialise both their intellectual property and their integrated circuits.
BRN jumped back in September up to 97c because of news of this collaboration with Vorago working on a NASA project. The announcement today is a different NASA project/contract. It dropped back to 30c - 40c for the last couple of months. It waas 32.5c before the trading halt.
https://finance.yahoo.com/chart/BRN....wgKDE0KSJ9fX19
Thanks Moka, it will be interesting to see where the sp heads today
Closing SP was 42c up 9.5c = 29.2% on 80m shares - $36m turnover, on 24 December, significantly above the usual volume of between 3m – 10m shares. 51c high and 41c low.
It is still early days though as last time the NASA related announcement (Vorago Technologies Collaboration) was made on 2 September, and it took a week to peak at 97c on 9 September.
So it takes a while for the news to filter through and for people to take in and react to the news, and with the Christmas/New Year break it will probably take longer with this announcement.
https://kalkinemedia.com/au/news/live/brainchip-shares-zoomed-on-its-first-akida-ip-license-agreement-with-renesas-electronics-america
BrainChip Shares Zoomed on its First Akida™ IP license agreement with Renesas Electronics America
BrainChip Holdings Ltd (ASX:BRN) has signed an Intellectual Property (IP) license agreement with Renesas Electronics America Inc for a single-use, royalty-bearing, global IP design permit for the rights to utilize the Akida™ IP in the customer’s SoC products.
Renesas Electronics America Inc is the subsidiary company of Renesas Electronics Corp which is a Japan-based, tier-one semiconductor manufacturer concentrating in the microcontroller & automotive SoC products.